Modeling Freight Markets for Coal
Journal article, Peer reviewed
![Thumbnail](/nhh-xmlui/bitstream/handle/11250/298346/Uboe_Modeling.pdf.jpg?sequence=6&isAllowed=y)
View/ Open
Date
2009Metadata
Show full item recordCollections
- Articles (FOR) [100]
Abstract
In this paper we study bulk shipping of coal between the central regions in the world. We compare the performance of cost-minimizing models with a gravity model approach. The main finding in the paper is that cost minimizing models provide relative poor fits to data. A simple one-parameter gravity model, however, provides very satisfactory fits to observed behavior.